English
Market News From June 13th to June 17th, key data and major events preview
From June 13th to June 17th, key data and major events preview
From June 13th to June 17th, the key data that investors need to pay attention to include the industrial output of the United Kingdom in April, the annual rate of PPI in the United States in May, the changes in API crude oil inventories in the United States for the week ended June 6, and the retail sales of the United States in May. Sales, U.S. EIA crude oil inventories change for the week ended June 10, U.S. jobless claims for the week ended June 6 and Eurozone May CPI. Major events include: Federal Reserve interest rate decision, Bank of England interest rate decision and Bank of Japan interest rate decision.
2022-06-10
8684
From June 13th to June 17th, the key data that investors need to pay attention to include the industrial output of the United Kingdom in April, the annual rate of PPI in the United States in May, the changes in API crude oil inventories in the United States for the week ended June 6, and the retail sales of the United States in May. Sales, changes in U.S. EIA crude oil inventories for the week ended June 10, U.S. jobless claims for the week ended June 6 and Eurozone May CPI. Major events include: Federal Reserve interest rate decision, Bank of England interest rate decision and Bank of Japan interest rate decision.
Monday (June 13) Keywords: UK April GDP, UK April industrial output
UK March GDP fell 0.1% month-on-month, expected to be unchanged from the previous month, and the previous value increased by 0.1%. In addition, the UK's first-quarter GDP growth of 0.8%, is expected to increase by 1%, the previous value increased by 1.3%. Both figures fell short of expectations, and economic conditions could worsen further this year as the cost of living crisis deepens.
The National Institute for Economic and Social Research (NIESR) predicts that UK GDP will fall in the third and fourth quarters of this year, in line with the technical definition of a recession. Last month, the International Monetary Fund (IMF) forecast that Britain's economic growth next year will be the weakest among major advanced economies, and inflation will be the highest.
On June 13, the UK will announce April GDP, the data is not expected to be optimistic. On June 13, the Sydney Stock Exchange in Australia was closed for one day due to the Queen's Birthday. In addition, ECB Vice President Jindos delivered a speech on the same day.
Tuesday (June 14) Keyword: German May CPI annual rate final value, U.S. May PPI annual rate
According to data released by the German Federal Statistics Office on April 28, the German consumer price index (CPI) increased by 7.4% year-on-year in April, and is expected to be 7.2%. The index increased by 0.8% month-on-month, and is expected to increase by 0.5%. In addition, Germany's April Harmonized Consumer Price Index (HICP) increased by 7.8% year-on-year, and is expected to be 7.6%. The index increased by 0.7% month-on-month. Energy prices have risen significantly since the outbreak of the Russian-Ukrainian conflict, with a significant impact on high inflation, Germany's Federal Statistics Office said. The last time German inflation reached the same high level was in 1981. In addition, there are bottlenecks in delivery due to the COVID-19 pandemic and supply chain disruptions.
On June 14, Germany will announce the May CPI, which is expected to remain relatively high.
On May 12, data released by the US Department of Labor showed that the US PPI index rose 11% year-on-year in April, compared with the expected 10.7%, slightly lower than the previous revised value of 11.5%. The PPI price index tracks the trend and degree of change in the ex-factory prices of industrial enterprises. This is the first drop in the figure since December 2020. The U.S. PPI in April was 0.5% month-on-month, the smallest increase since September 2021, lower than the previous value of 1.6%. Excluding the core PPI of food, energy and trade services, the core PPI in April rose 8.8% year-on-year, slightly lower than the expected value of 8.9%, and also lower than the previous value of 9.2%; the core PPI in April rose 0.4% month-on-month, slightly lower than expected The value is 0.6%, which is also lower than the previous value of 1.2%.
Analysts had expected a modest slowdown in U.S. PPI data in April after data showed U.S. CPI beat expectations in April, but it still beat expectations and prices are still rising at the fastest pace in history.
The U.S. PPI index rose 11% year-on-year in April, compared with expectations of 10.7%, slightly lower than the previous revised value of 11.5%. The PPI price index tracks the trend and degree of change in the ex-factory prices of industrial enterprises. This is the first drop in the figure since December 2020. Although the PPI has slowed down slightly compared to the previous month, it is still very high, and the price pressure from the intermediate demand pull is still high and continuing. On June 14, the United States will announce the PPI for May, which is expected to remain relatively high.
On June 14, OPEC released its monthly crude oil market report. It is very likely that the future trend of oil prices will be followed by investors.
Wednesday (June 15) Keywords: U.S. API crude oil inventory changes for the week ended June 6, the euro zone’s April seasonally adjusted trade account, U.S. retail sales in May, U.S. EIA crude oil inventory changes for the week ended June 10
API crude oil inventories in the United States increased by 1.845 million barrels in the week to June 3, which is expected to decrease by 1.8 million barrels, and the previous value decreased by 1.181 million barrels. Inventories in the EIA Strategic Petroleum Reserve fell by 7.269 million barrels in the week to June 3, a record draw as refinery inputs rose to their highest level since January 2020. The latest data will be released on June 15, and the IEA will release the monthly crude oil market report, which is expected to affect the later trend of oil prices.
The monthly rate of retail sales in the United States in April was actually 0.90%, compared with the expected 0.8%, and the previous value was 0.5%; the annual rate of retail sales in the United States in April was actually 8.19%, compared with the previous value of 6.9%. The monthly rate of core retail sales in the United States in April was actually 0.60%, expected 0.3%, and the previous value was 1.1%. US retail sales in April recorded a monthly rate of 0.9%, the highest since January this year. On June 15, the US will announce US retail sales for May, which are likely to continue well.
Thursday (June 16) Keywords: Federal Reserve interest rate decision, Bank of England interest rate decision, U.S. initial jobless claims for the week ended June 6
June 16 will usher in the Federal Reserve and Bank of England interest rate decisions. The survey showed that the Fed will raise interest rates by 50 basis points in June and July, and the odds of a rate hike in September are also rising. Respondents don't think the Fed will pause rate hikes until next year. All 85 economists polled in the June 6-9 survey forecast a similar move by the Fed to raise the federal funds rate at its meeting next week, following a 50 basis point hike in May. 50 basis points to 1.25%-1.50%. All but a handful of people polled expect another 50 basis point rate hike in July.
UOB forecasts that the Bank of England will raise interest rates by 25 basis points next week. Traders are betting the Bank of England will raise interest rates by a historic 50 basis points by September to rein in inflation, which is growing at the fastest pace in 40 years. Money market pricing shows the Bank of England will raise interest rates by a cumulative 100 basis points through September, almost double what it expected six months ago. This reflects market expectations that the Bank of England will raise rates by 25 basis points twice and by 50 basis points once in the next three policy meetings.
U.S. initial jobless claims rose by 27,000 to 229,000 last week, the highest level since mid-January and far exceeding the Dow Jones estimate of 210,000. The 4-week moving average was 215,000, an increase of 8,000 from the previous week. Continuing jobless claims were unchanged at 1.306 million in the week ended May 28, the lowest level since January 10, 1970. On June 16, the United States will announce the number of initial jobless claims for the week ended June 6, which is expected to remain relatively high as the epidemic continues.
Friday (June 17) Keywords: Bank of Japan interest rate decision, Eurozone May CPI
June 17 will usher in the Bank of Japan interest rate decision. Bank of Japan Governor Kuroda Haruhiko delivered a speech on the 6th, saying that on the grounds that the Japanese economy is recovering from the impact of the new crown epidemic, he emphasized that "it is not a situation of monetary tightening at all". He said that in order to promote a sustained and stable rise in prices, he "will adhere to monetary easing with an unwavering attitude."
According to data released by Eurostat, the final value of the euro zone's adjusted CPI in April rose by 7.4% year-on-year, slightly lower than the expected 7.5%, and still a new high in 25 years. The initial value increase was revised down from 7.5% to 7.4%. The final value of the core harmonized CPI rose 3.5% year-on-year, which was in line with expectations and the initial value, but higher than the 3% year-on-year increase in March. On June 17, the euro zone will announce the May CPI, which is expected to remain high.
In addition to the above data and major events, investors also need to pay attention to the development of the global epidemic and the situation in Ukraine. These factors are also expected to affect the future market trend.
Monday (June 13) Keywords: UK April GDP, UK April industrial output
UK March GDP fell 0.1% month-on-month, expected to be unchanged from the previous month, and the previous value increased by 0.1%. In addition, the UK's first-quarter GDP growth of 0.8%, is expected to increase by 1%, the previous value increased by 1.3%. Both figures fell short of expectations, and economic conditions could worsen further this year as the cost of living crisis deepens.
The National Institute for Economic and Social Research (NIESR) predicts that UK GDP will fall in the third and fourth quarters of this year, in line with the technical definition of a recession. Last month, the International Monetary Fund (IMF) forecast that Britain's economic growth next year will be the weakest among major advanced economies, and inflation will be the highest.
On June 13, the UK will announce April GDP, the data is not expected to be optimistic. On June 13, the Sydney Stock Exchange in Australia was closed for one day due to the Queen's Birthday. In addition, ECB Vice President Jindos delivered a speech on the same day.
Tuesday (June 14) Keyword: German May CPI annual rate final value, U.S. May PPI annual rate
According to data released by the German Federal Statistics Office on April 28, the German consumer price index (CPI) increased by 7.4% year-on-year in April, and is expected to be 7.2%. The index increased by 0.8% month-on-month, and is expected to increase by 0.5%. In addition, Germany's April Harmonized Consumer Price Index (HICP) increased by 7.8% year-on-year, and is expected to be 7.6%. The index increased by 0.7% month-on-month. Energy prices have risen significantly since the outbreak of the Russian-Ukrainian conflict, with a significant impact on high inflation, Germany's Federal Statistics Office said. The last time German inflation reached the same high level was in 1981. In addition, there are bottlenecks in delivery due to the COVID-19 pandemic and supply chain disruptions.
On June 14, Germany will announce the May CPI, which is expected to remain relatively high.
On May 12, data released by the US Department of Labor showed that the US PPI index rose 11% year-on-year in April, compared with the expected 10.7%, slightly lower than the previous revised value of 11.5%. The PPI price index tracks the trend and degree of change in the ex-factory prices of industrial enterprises. This is the first drop in the figure since December 2020. The U.S. PPI in April was 0.5% month-on-month, the smallest increase since September 2021, lower than the previous value of 1.6%. Excluding the core PPI of food, energy and trade services, the core PPI in April rose 8.8% year-on-year, slightly lower than the expected value of 8.9%, and also lower than the previous value of 9.2%; the core PPI in April rose 0.4% month-on-month, slightly lower than expected The value is 0.6%, which is also lower than the previous value of 1.2%.
Analysts had expected a modest slowdown in U.S. PPI data in April after data showed U.S. CPI beat expectations in April, but it still beat expectations and prices are still rising at the fastest pace in history.
The U.S. PPI index rose 11% year-on-year in April, compared with expectations of 10.7%, slightly lower than the previous revised value of 11.5%. The PPI price index tracks the trend and degree of change in the ex-factory prices of industrial enterprises. This is the first drop in the figure since December 2020. Although the PPI has slowed down slightly compared to the previous month, it is still very high, and the price pressure from the intermediate demand pull is still high and continuing. On June 14, the United States will announce the PPI for May, which is expected to remain relatively high.
On June 14, OPEC released its monthly crude oil market report. It is very likely that the future trend of oil prices will be followed by investors.
Wednesday (June 15) Keywords: U.S. API crude oil inventory changes for the week ended June 6, the euro zone’s April seasonally adjusted trade account, U.S. retail sales in May, U.S. EIA crude oil inventory changes for the week ended June 10
API crude oil inventories in the United States increased by 1.845 million barrels in the week to June 3, which is expected to decrease by 1.8 million barrels, and the previous value decreased by 1.181 million barrels. Inventories in the EIA Strategic Petroleum Reserve fell by 7.269 million barrels in the week to June 3, a record draw as refinery inputs rose to their highest level since January 2020. The latest data will be released on June 15, and the IEA will release the monthly crude oil market report, which is expected to affect the later trend of oil prices.
The monthly rate of retail sales in the United States in April was actually 0.90%, compared with the expected 0.8%, and the previous value was 0.5%; the annual rate of retail sales in the United States in April was actually 8.19%, compared with the previous value of 6.9%. The monthly rate of core retail sales in the United States in April was actually 0.60%, expected 0.3%, and the previous value was 1.1%. US retail sales in April recorded a monthly rate of 0.9%, the highest since January this year. On June 15, the US will announce US retail sales for May, which are likely to continue well.
Thursday (June 16) Keywords: Federal Reserve interest rate decision, Bank of England interest rate decision, U.S. initial jobless claims for the week ended June 6
June 16 will usher in the Federal Reserve and Bank of England interest rate decisions. The survey showed that the Fed will raise interest rates by 50 basis points in June and July, and the odds of a rate hike in September are also rising. Respondents don't think the Fed will pause rate hikes until next year. All 85 economists polled in the June 6-9 survey forecast a similar move by the Fed to raise the federal funds rate at its meeting next week, following a 50 basis point hike in May. 50 basis points to 1.25%-1.50%. All but a handful of people polled expect another 50 basis point rate hike in July.
UOB forecasts that the Bank of England will raise interest rates by 25 basis points next week. Traders are betting the Bank of England will raise interest rates by a historic 50 basis points by September to rein in inflation, which is growing at the fastest pace in 40 years. Money market pricing shows the Bank of England will raise interest rates by a cumulative 100 basis points through September, almost double what it expected six months ago. This reflects market expectations that the Bank of England will raise rates by 25 basis points twice and by 50 basis points once in the next three policy meetings.
U.S. initial jobless claims rose by 27,000 to 229,000 last week, the highest level since mid-January and far exceeding the Dow Jones estimate of 210,000. The 4-week moving average was 215,000, an increase of 8,000 from the previous week. Continuing jobless claims were unchanged at 1.306 million in the week ended May 28, the lowest level since January 10, 1970. On June 16, the United States will announce the number of initial jobless claims for the week ended June 6, which is expected to remain relatively high as the epidemic continues.
Friday (June 17) Keywords: Bank of Japan interest rate decision, Eurozone May CPI
June 17 will usher in the Bank of Japan interest rate decision. Bank of Japan Governor Kuroda Haruhiko delivered a speech on the 6th, saying that on the grounds that the Japanese economy is recovering from the impact of the new crown epidemic, he emphasized that "it is not a situation of monetary tightening at all". He said that in order to promote a sustained and stable rise in prices, he "will adhere to monetary easing with an unwavering attitude."
According to data released by Eurostat, the final value of the euro zone's adjusted CPI in April rose by 7.4% year-on-year, slightly lower than the expected 7.5%, and still a new high in 25 years. The initial value increase was revised down from 7.5% to 7.4%. The final value of the core harmonized CPI rose 3.5% year-on-year, which was in line with expectations and the initial value, but higher than the 3% year-on-year increase in March. On June 17, the euro zone will announce the May CPI, which is expected to remain high.
In addition to the above data and major events, investors also need to pay attention to the development of the global epidemic and the situation in Ukraine. These factors are also expected to affect the future market trend.
Bonus rebate to help investors grow in the trading world!
Or try Free Demo Trading
